Selling a Business
Larsen Law Offices, LLC assists both companies and individuals in reaching their business goals. Whether your concern is a one-time occurrence, or an on-going matter, an experienced attorney from Larsen Law can assist you with your legal needs.
Selling a Business
Business owners have their own, various reasons for Selling a Business. For some, Selling a Business may be due to retirement considerations, health reasons, a change in lifestyle or a change of pace. Some just want to be free to create another business or pursue other interests. Under any circumstance, it is important for both the buyer and the seller to carefully review the business and its assets, liabilities, and revenue streams prior to completing the sale. Larsen Law™ can assist buyers and sellers will all aspects of Selling a Business, including all ancillary matters pertaining to the purchase or sale. Each sale is different and every seller has different needs.
To find out how an experienced Transaction Attorney from Larsen Law Offices, LLC might add value to you Selling a Business, please contact us at (303) 520-6030 to schedule a consultation.
One of the primary steps to take when Selling a Business is proper valuation of the business. Before disclosing your company information to prospective buyers, you will want to ensure your company secrets are protected via a Confidentiality Agreement or a Nondisclosure Agreement. If someone is interested in Buying a Business in your line of work, and actively pursuing purchasing a company such as yours, you’ll want to ensure you aren’t giving vital information to someone who may end up being a competitor of yours, should they not succeed in buying your business.
An experienced Transaction Attorney from Larsen Law can assist you with the Sales Contracts, structured as either an asset purchase agreement or a stock sale agreement, determining the price to be paid and method to do so, representations and warranties of both the buyer and seller, details of the business that will be included in the sale, including all assets and liabilities, and any pre-sale items that must be resolved before closing. I can also assist you with Security Agreements, Promissory Notes, and other related documentation related to the financial exchange between the parties.
When Selling a Business you would want to ensure that you sold that business in its entirety, with no future repercussions from matters outside of your control. You would want to detail the assets and liabilities the buyer is receiving, and also all contracts the buyer is assuming responsibility for.
Whether you are Buying a Business or Selling a Business, you will need to ensure that all aspects are fully examined and accounted for in the transaction. Items such as assets, liabilities, tangible and intangible property, Goodwill, intellectual property necessary to continue operations, existing leases and contracts, open litigation or threatened litigation matters, open tax matters, and a host of other concerns should represented in the final documentation of your transaction.